Notes

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1 Sales revenue

STRUCTURE OF GROUP SALES REVENUE 2022

€ million

 

Passenger Cars and Light Commercial Vehicles

 

Commercial Vehicles

 

Power Engineering

 

Financial Services

 

Total Segments

 

Recon­ciliation

 

Volkswagen
Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vehicles

 

160,562

 

25,542

 

 

0

 

186,104

 

−14,657

 

171,447

Genuine parts

 

14,970

 

6,759

 

 

 

21,729

 

−160

 

21,570

Used vehicles and third-party products

 

11,474

 

2,334

 

 

20,485

 

34,293

 

−3,650

 

30,643

Engines, powertrains and parts deliveries

 

12,313

 

858

 

 

 

13,171

 

−65

 

13,105

Power Engineering

 

 

 

3,565

 

 

3,565

 

−1

 

3,564

Motorcycles

 

915

 

 

 

 

915

 

 

915

Leasing business

 

764

 

1,693

 

0

 

16,669

 

19,126

 

−1,231

 

17,895

Interest and similar income

 

285

 

1

 

 

8,873

 

9,160

 

−418

 

8,742

Hedges sales revenue

 

−2,220

 

−20

 

 

 

−2,241

 

−53

 

−2,294

Other sales revenue

 

11,306

 

2,349

 

 

821

 

14,476

 

−831

 

13,645

 

 

210,371

 

39,516

 

3,565

 

46,847

 

300,299

 

−21,067

 

279,232

STRUCTURE OF GROUP SALES REVENUE 2021

€ million

 

Passenger Cars and Light Commercial Vehicles

 

Commercial Vehicles

 

Power Engineering

 

Financial Services

 

Total Segments

 

Recon­ciliation

 

Volkswagen
Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vehicles

 

143,473

 

19,029

 

 

 

162,502

 

−14,435

 

148,067

Genuine parts

 

13,353

 

4,800

 

 

 

18,153

 

−138

 

18,015

Used vehicles and third-party products

 

12,018

 

1,887

 

 

20,160

 

34,065

 

−3,201

 

30,864

Engines, powertrains and parts deliveries

 

12,188

 

723

 

 

 

12,911

 

−58

 

12,853

Power Engineering

 

 

 

3,278

 

 

3,278

 

−1

 

3,276

Motorcycles

 

732

 

 

 

 

732

 

 

732

Leasing business

 

785

 

1,686

 

0

 

15,171

 

17,642

 

−1,167

 

16,474

Interest and similar income

 

209

 

5

 

 

7,856

 

8,070

 

−349

 

7,721

Hedges sales revenue

 

−365

 

−42

 

 

0

 

−407

 

22

 

−386

Other sales revenue

 

10,375

 

2,004

 

 

775

 

13,154

 

−571

 

12,583

 

 

192,767

 

30,092

 

3,278

 

43,963

 

270,099

 

−19,899

 

250,200

For segment reporting purposes, the sales revenue of the Group is presented by segment and market.

Other sales revenue comprises revenue from workshop services and license revenue, among other things.

Of the sales revenue recognized in the period under review, an amount of €8,045 million (previous year: €6,877 million) was included in contract liabilities as of January 1, 2022.

The sales revenue realized in the period under review comprises payment obligations of €718 million (previous year: €575 million) that had already been met in an earlier period.

In addition to existing performance obligations of €3,939 million (previous year: €3,260 million) in the Power Engineering segment, most of which are expected to be satisfied or for which sales revenue is expected to be recognized by December 31, 2023, the vast majority of the Volkswagen Group’s performance obligations that were unsatisfied as of the reporting date relate to vehicle deliveries. Most of these deliveries had already been made at the time this report was prepared, or will be made in the first quarter of 2023. The calculation of the amounts for the Power Engineering Business Area took account of both contracts with a term of up to one year and service contracts under which the Volkswagen Group realizes sales revenue in exactly the same amount as the customer benefits from the services rendered by the Company. In the case of variable consideration, sales revenue is only recognized to the extent that there is reasonable assurance that this sales revenue will not subsequently have to be reversed or adjusted downward.